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dave camp introduces his tax reform proposal. obama ist, president in minneapolis to discuss transportation infrastructure funding. later, a hearing on new irs rules regarding tax-exempt status for nonprofit organizations. >> house ways and means committee chairman dave camp announced a new tax reform proposal today. chairman cap is calling for ending deductions for state and local taxes. this briefing is when he minutes. >> hello and good afternoon. there have been so many changes to the tax code over the last day,e, more than one every that it is now 10 times the size of the bible with none of the good news. i know that seems like an old joke now. you may have heard it several times. when i travel around michigan or anywhere around the country, it still gets a pretty good laugh. as i listen to hard-working taxpayers talk about how we need to simplify and six our broken outdated tax code. what isn't funny is the impact washington's constant tinkering with the tax code has had on our economy and our families. we don't have to look long before we see but the current tax code h
wants to spend additional money on roads and bridges and end a number of corporate tax breaks. we will have live coverage at 11:30 a.m. eastern on c-span. >> c-span 2 provided key coverage and booktv. the only television network devoted to non-fiction books and authors. >> sweeds have been accused of trying to hide the accounts of 22 united states citizens. carl levin is calling on the justice department to hand over the names of those who used the bank at a -- to alem ledgedly avoid paying taxes. >> good morning. the meeting will come to order. the american public is angry about offshore tax abuse and efforts by americans to evade their tax obligations by hiding money offshore. today's hearing follows up on a meeting this subcommittee held in 2008 when we presented evidence that well-known banks were deliberately helping united states clients cheat on their taxes by opening offshore counts never reported to the irs despite united states law requiring their disclosure. the hearing focused in part on ubs, the largest bank in switzerland that had 52, 000 customers and $18 million in
said today he regrets the financial institutio institutioe u.s. clients avoid paying taxes. that was part of a hearing today on offshore banking. it's next on c-span2. >>> ahead of the federal reserve will testify on capitol hill tomorrow morning the senate subcommittee investigation accused the swiss bank of trying to hide the accounts of 22,000 u.s. citizens so they could avoid paying taxes. the panel headed by carl levin is called from the justice department to force the bank to hand over the names of u.s. citizen good morning everybody. the permanent subcommittee on investigations will come to order. the american public is angry about offshore tax abuse, efforts by well-off americans to ebay to their u.s. tax obligations by hiding money offshore. at today's hearing follows up on a hearing that the subcommittee held five years ago in 2008 when we presented evidence that well-known international banks located in secrecy jurisdictions were deliberately hoping u.s. clients cheat on their taxes by opening offshore accounts never reported to the irs despite a u.s. law requiri
, and filing next year, a lot of inquiries as well as taxpayers in the area of eligible for premium tax credit and even if they aren't making sure they are comfortable when we started that public information campaign, and to get taxpayers comfortable 70% or 80% don't have anything to do with it at all, i have insurance and will move on the way, a chunk of people will be affected. and how much we spend for i to your personnel on affordable care, what we spending this year and would we expect requirements will be in the next year or two? >> when you next appear before us, there will be a lot of discussion about the dollars that are necessary. >> i wanted to ask about bonuses. in making sure bonuses are given to employees, improved performance or goals they have met, i don't know if you have seen, we put some report language together. have you taken guidance in the language for bonuses to be awarded? to those who actually show improved employee performance and productivity? >> the pool is 1% of compensation on performance judgments made by managers not by employees, obviously comment and history
? >>> plus, a serious proposal to overhaul the tax code for the first time in twiyears. but is there any hope for congressional action this year. >>> and the pentagon proposes to slash the army to its smallest size in the last 75 years. how risky are the cuts for american security. >>> welcome to "the journal editorial report." new questions this week about the investigation into the irs targeting of conservative groups. with the house subcommittee holding hearings, you know just how seriously the department of justice is taking this probe. they're doing this as liberal groups like the aclu and sierra club join conservative clubs voicing opposition into a new irs rule into further restricting political speech. for more on both of these developments i'm joined by "wall street journal" column dannetinger. kim strofle and colin levy. kim, let's start with you there in sin city, washington. you're covering the hearings this week. what have we learned about the state of justice to probe just as it is? >> well, they had a number of legal experts appear before the house oversight committee. it was a
with our u.s. tax laws and when we talk about u.s. customers, 18,900 of those accounts that closed in today there are about 3500 that have been determined are in compliance. are those numbers correct? >> those numbers are correct as of today but i would like to add that in total we have reviewed tax compliance some 6678 of which about half, 3000 have been closed and 3000 the number you have just mentioned are still with us. >> so what is the total number of accounts that we no longer have of the 22,000? >> the 18,000 number you mentioned. and if i may add mr. chairman, we had a large population of u.s. resident clients. i would say 11,000 i believe that had account balances below 1 million dollars under asset management and they were not even given the option to stay because to move to one of our fully u.s. license broker dealers you needed $1 million is the minimum balance. 18,000 of these did not have the opportunity to prove tax compliance. >> mr. cerutti your u.s. policy required that swiss accounts open for u.s. residents be concentrated in a single swiss office we talked about the sla
for 501(c) four nonprofit groups applying for tax exempt status and testimony before a house subcommittee on wednesday. this is two hours. >> the hearing will come to order. hearing of thest year for our subcommittee. welcome to all the subcommittee members. glad to have you back. a warm welcome to our subcommittee's newest member. he is not here yet. he will be down at the end. we look forward to having him work with us. today the subcommittee will hear from two panels. we will hear about the activities and operations of the internal revenue service. commissioner. irs welcome to you, sir. we appreciate your return to the service and thank for taking -- thank you for taking on this task. george have russell and nina olsen. we appreciate the careful and constant oversight of the irs. we have not heard in some time from ms. olsen, so we are especially eager to hear from her. as a matter of house keeping, i will be following the five minute rules for that members. i do not plan on cutting anyone off in the middle of their sentence, but if everyone could keep their questions and comments for
can. house committee that looked at proposed rules for nonprofit groups seeking tax-exempt status. >> the hearing will come to order. this is the first hearing of the year for our subcommittee. welcome to all the subcommittee members. glad to have you back. a warm welcome to our subcommittee's newest member. he is not here yet. he will be down at the end. we look forward to having him work with us. today the subcommittee will hear from two panels. we will hear about the activities and operations of the internal revenue service. our witness is irs commissioner. welcome to you, sir. we appreciate your return to the service and thank you for taking on this task. we also have russell george and nina olsen. we appreciate the careful and constant oversight of the irs. we have not heard in some time from ms. olsen, so we are especially eager to hear from her. as a matter of house keeping, i will be following the five minute rules for that members. i do not plan on cutting anyone off in the middle of their sentence, but if everyone could keep their questions and comments for when we get t
tax revenues from aliens hidden overseas. i don't buy their narrative. the american people shouldn't darsha the department of justice mr. cole. i ask you to keep in mind in use already available legal tools at your disposal rather than relying upon the treaty process. so i guess my first question mr. cole is niche or even if the senate ratifies the 2009 protocol to amend the convention between our two countries for the avoidance of double taxation the justice department will be no closer to obtaining information from noncompliant bank accounts close prior to 2009? >> senator that's true. the 2009 treaty only applies to matters and situations after the september 2009 time that it was put into place. >> so basically never certainly in the way we are urging information about noncompliant tank accounts that were close prior to 2009. >> i don't think that's necessarily the case. >> how do you do that then? >> the program we have is going to require that hanks even prior to 2009 go back into 2008 and provide us with the information about accounts that will enable us to make much more eff
battle over reigning in. preventing the tax agency to ask groups specifically for their political, religious or social beliefs. instead the administration actually wants to expand the irs' ctrol over those kind of organizations. shld we rein in the power or give it more? let's go in focus. steve, do we really want to give the irs even more power? >> no. we should be giving it less. they are engaged in suppression, coverup and engaged in trying to make sure that groups don't go against the democrats in 2014 and 2012. brazenly after being found out of doing suppression in 2012, they are now putting in former regulations, 100,000 came in against the regs, including liberal groups like the aclu. republicans can use it against them shday. >> that's a good point. even the ac is against that. >> i don't think that's what these regulationsre about. look, if you want to -- accolish a 501 (c) status, i don't think it is appropriate. anybody that's welcomed to give money to a political group, political groups are not being squelched in any way. the difference is that will th donors be discl
is not olitical activity. here is no doubt a number of roups have abused their claims to the 501 tax-exempt status by engaging in political activity. this is not a right, but rather a responsibility. too many organizations have been claiming it as a way to avoid transparency and taxes. laster, i suggested the irs need to revisit these rules to provide greater clarity. as to what is considered a political activity for purposes of making a 501 designation, the rules proposed by the irs have attested to do just that in my opinion. i cannot say whether the irs struck the right balance, but i o know that they will take any and all concerns seriously though for finalizing them. however, this committee cannot help the irs and these reforms did we do not adequately fund gency. fiscal year 2014 appropriations gave the irs more than the sequester level, but the irs is still being funded at its lowest level since fiscal year 2008. if we care about the fair implementation of our tax laws, this is simply unacceptable. y'all know at this level of funding, every additional dollar even to the irs allows them to b
not been asked. i will cooperate in any way that i can if i am asked. stuart: have you achieved the tax status that you requested? stuart: you will not be intimidated in this year's midterm elections. >> we are intimidated by these new rules that have come out by the irs. these new rules will shut us down as a tea party group. stuart: really? they are significant enough to shut you down? >> absolutely. from now on, we cannot have debate or candidate forums within 60 days of a general election or 30 days of a primary. we cannot put anything in an e-mail, website, we can no longer do scorecards. this is the heart of what we do. it will jeopardize our tax status. stuart: becky, thank you for joining us. >> thank you for having me on. stuart: let's get to the markets. where are we? ninety-eight minutes. we did get some employment numbers. right now, virtually no movement. the record closes 1873. a couple of stocks that we are watching for you very carefully. we saw a lot of guns. it seems to me that the market is telling people want to buy weapons that can be concealed. >> yes. stuart: you
of witnesses, treasury inspector general for tax appropriation. mr. george is a right of a witness was subcommittee, and we appreciate his careful and costs of oversight. we have not heard in some time for ms. olson, so we are especially eager to your former. as a matter of housekeeping and going to be following a five minute rule for the members. i don't plan on cutting in the woody off in the middle of their sentence, but if everybody can keep their questions and comments and get to that part of the program to five minutes that will give us a chance to hear from anybody and have maybe more than one round of questions. and going to recognize the members in order of seniority, those that were here when the gavel went down. for the latecomers we will recognize them based upon their arrival and will go back and forth between the parties. i think most of you know the 2014 appropriations cycle tested higher endurance. it was only asked to go after the fiscal year started and we and the government shut down of the budget committee came to an agreement on the discretionary spending. once
seeking tax exempt status. this after the inspector general found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name, but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the powerful house oversight committee wantslern s lerner to testify again wednesday. chairman issa, welcome back. >> thanks for covering what we believe is going to be a good fact finding hearing. >> well, let's talk about that. because when you recalled lois lerner under subpoena to testify again this coming wednesday, her lawyers said you you can call her, but she won't testify or answer any questions, continue to at that time fifttaat that t. >> her attorney indicates how that she will testify. we've been back and forth negotiation. wi believe the evidence we've gathered causes her in her best interests to testify. >> so lowislerner who took the fifth last may will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> it will be on wednesday. >> what change
one direction: up so we're up eay. up late. thinking up game-changing ideas, like this: dozens of tax fr zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, w opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at srt-upny.com what is this place? where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere. can i watch it in butterfly valley? sure. can i watch it in glimmering lake? yep. here, too. what about the dark castle? you call that defense?! come on! [ female anno
of conservative groups seeking tax exempt status. this after the treasury department found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the house oversight committee wants lernor to testify again wednesday based on new information he has. chairman, welcome back to "fox news sunday." >> thanks for having me back and for covering what we believe is going to be a good fact finding hearing. >> all right. let's talk about that. when you recall low he ed lois o testify, her lawyers said can you call her but she is not going to answer any questions. i understand you have late breaking news. >> we do. her attorney indicates now that she will testify. we've had a back and forth negotiation. but quite frankly, we believe that evidence that we've gathered causes her in her best interest to be summoned to testify. >> lois lernor will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> wed
to not note -- that the committee that the bank's breakecutive did not help tax laws. the bitcoin industry doing damage control following the shutdown of a virtual currency exchange. they are assuring investors that their funds will not disappear. reports are out that hackers may have stolen more than $390 million in bitcoins. and the data breaches affecting has takenf shoppers its toll on target but fourth-quarter profits fell 46%. whoever, earnings beat estimates. -- faces more than 80 civil lawsuits on the data breach. julie hyman has more on target as well as a look ahead to jcpenney's results after the bell. she is looking at the entire troubled state of retailing today. here in the studio for the next hour, my guest house, restructuring guru who oversaw hostess brands and is now heading a wide range of companies that he will give his take on turning around retailers to overhauling taxes to hiking minimum wage. first, to you on this data breach and the impact on target. >> it definitely had an impact on target. not only did it take charge to fix the data breach, the bridge of credit c
on sale on amazon. they will need to pay taxes on the wealth, likely a million. but they don't want to change their lifestyle and will donate to charity and keep a few coins as keepsakes. >> good for them. that is a great story. don't you want to know the background of who actually put those coins in those canisters and hid them? i wonder why. it would be interesting if they go figure it out. >> it is big mystery >> i'm going to go home and dig up the backyard. >> you never know what you wofi will find. >> new action in the irs profiling scandal. who the lawmakers are hearing from now. plus, president obama with his on the economy taking his job push on the road. and we will talk to senator john thune about it all. thune about it all. that allows you to eat all that you can. filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious: yes i am. all those words are spelled correctly. jenna: well the president heading to minnea
look at 501 c 3s. they are allowed to do it. all of these are tax deductibles. here are the unions they are allowed to do it all. this the is present administration trying to stifle the voices. this isn't just about republicans opposed to. this aclu opposed to this and also the syria club. because this is what the new proposal would be. stifle the a 01 c 4s. >> what's the difference between 501 c 4 and 501 c 3. >> this is tax deductible. this is charitable these are syria club. these are your volunteer firefighters. these are the individual groups going through. and you know what? the comment period ends tomorrow it. they have gotten 69,000 comments on on sierra opposed. aclu. he keystone had 700 comments. they never had these comments mostly all opposed. >> what republicans say is it is designed to shut down the tea party groups but it applies equally to liberal groups and conservative and tea party groups, right? >> i don't care who it goes after, it's wrong. it's government trying to shut your voice down. remember what the first amendment says. >> why would the administration wa
calls for increased spending on education. it extend tax kits to lower-income americans including expanding the earned income tax credit. house speaker john boehner is the one who called it irresponsible. remember, there whats not been a budget passed by congress since 2009. >>> president obama heads to connecticut with his push to raise the minimum wage with central connecticut state university he'll be joined by four governors all in favor of increasing the minimum wage. >> if you like your health plan, you may be able to keep it a little longer. "the washington post" says the obama administration is rewriting affordable care act rules again to let americans keep their plans for up to three more years, even if those plans no longer comply with the law. last fall, the white house gave option of letting policy still be sold in the short term even if they were technically illegal. >>> happening today, the house is set to vote for the 50th time on a modification to obamacare. this would be push back the original mandate for one year and making that penalty zero. this is the first su
early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com if you have a buness idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reali. start your business today with legalzoom. lou: a least one place the united states and russia get along. aboard the international space station the ukraine crisis has little effect on the one american and two cosmonauts one is caribbean does -- scheduled to depart on monday. charles -- saying right now everything is nominal with our relationship with the russian speaking only in terms of the space agency. tom jones says it is important not to keep it a political issues. >> what they lack is the control software we use 2. and never and controlled the station so t
in tax revenue to the state. what do you say? legalize week nationwide for recreational use? yes or no? >> i would say no. there is a desire on the part of government illegalize it and anything compact and bring in some cash. stuart: $100 million. >> i would say no. it gives us amen, the availability for a -- particularly in colorado here in the placement of machines so government money can be used easily to buy marijuana in certain situations as we saw recently. that makes it easier. there's a transfer. if it were ten miles away. probably still happen. in terms of legalization i think not until we understand how to actually test it. we have seen accidents with vehicles involving marijuana up 300% in the last decade. i need to be convincee that that would be a great idea for the future and the children. stuart: it was great to have you on the show. ou have an opinion and express it well. thank you for appearing with us. >> an honor to be with you. you might pop in here again this week. stuart: don't make projections you are not able to fulfil. time is money. let's move this along. thre
unveiling the 2015 budget and it calls for 59 trillion in spending. it would raise taxes on the wealthy and give tax breaks to poor and middle class americans. it will significantly reduce the size of the military with deep cuts to the defense budget. the proposal pushes health and human services spending over 1 trillion for the first time ever. what does the budget proposal mean for your wallet? we will break it down at 5:40. the first primaries of the 2014 election season are in the books. the elections in the texas area easily solved abbott and davis get their party's nominations. but things weren't quite as simple for the nation's oldest member of congress. 90-year-old republican ralph paul who is seeking his 18th term did not win 50 percent of the primary vote. which forces him nool a may runoff against former u.s. attorney jay ratliff. son of former governor jeb bush won the primary for texas land commissioner. he's expected to win the january election in november. >>> massive crowds celebrating mardi gras in new orleans. this morning the party is dying down because today is ash w
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com cheryl: former irs official lois lerner pleading the fifth for the second time after being called before congress to testify. rich edson standing by from capitol hill where the fireworks erupted this morning. rich: this has been nine months in the making, this is a continuation of a hearing back in may in which lois lerner pled the fifth. talk about whether or not she gave up the right earlier in the hearings so she is back on capitol hill, we expected chairman darrell issa, lois lerner file in front of the committee for the first time in nine months. it wasn't. >> ct do cence, that is not the way to supposed to work. there are other e-mails coming out that have been requested and other individuals inside the irs are talking. it may be a special prosecutor is needed. at the end of the day t
. a tax credit. not a deduction. but a tax credit for the $35,000 for the employer. so this program is no cost to the business. my plan is also revenue neutral. no cost to taxpayers. think about it the intern would be paying taxes on the 35,000. also spending money in the community, which creates revenue for the irs. and also big point, the intern will not be drawing unemployment insurance, saving the taxpayers, and the business? they get work out of that intern, can test run expanding without running about costs. this plan is simple, targeted, matches needed skills with jobs available. we don't even need to add any bureaucracy. businesses just take that $35,000 credit on their tax return. and that's my off-the-record comment tonight. what do you think of my one page jobs plan? go to gretawire.com and tell us. >>> and are americans feeling buyer's remorse about president obama. take a look at the latest poll. 59% of americans are disappointed in the obama presidency. 59%. not just republicans. a big chunk of that disappointment coming from independence and democrats. joining us, cha
billion spending increase. huge increase in spending. the other side of the coin is tax sayings. we are going to be -- we are bringing 2.7 trillion in taxation last year. it will be 2.3 trillion next year and the president wants another trillion on top of that. the big picture very clear. tax more, spend more, more government. gregg: off camera you were telling me about the earned income tax credit. >> included in this budget there is an expansion of the earned income tax credit. that's a check that goats out in the mail to people who are working that earn very little money. the president proposed to expand that and bring in an extra 13 million people to get that check every year. those 13 million people have no children. at the moment you can't get the earned income tax credit if they have got no children. the president will expand that, people with no children will be brought in. 13 million more people getting that check in the mail, paid for by you the taxpayer. it's a vast expansion of what we call the social security net under this budget. gregg: there are a great many skeptics
control and in plans in time courtesy of tax hikes, but not a lot of spending cuts. >> well, a couple things. first of all, if you look at this budget, it shows the that the deficits are steadily decreasing, year by year. as you know, we've cut them in half over the last four years. and this budget puts the them on a continuing downward trajectory, number one. >> but they are still relying on tax hikes. $1 trillion worth over the next year. and i'm wondering, where are the savings? because the president and republicans, too, there were no fair players on this, they reversed what were going to be minor cost of living juchlgts in the last deal. they scrapped that altogether. writes the will for getting this under control? >> two things. i think if you look in the medicare area, the president's budget identifies some additional efficiencieefficienc that are saved, that are cut, not by harming beneficiaries, but by reducing and continue to reduce some of the overpayments to the private insurance companies, by changing the way you reimburse big pharmaceutical companies. those are real cuts
of dollars in offshore tax evasion. your goggles, upbeat about business in the u.s. even as americans get more of a taste for craft through -- craft brews. airbus stock climbs higher as the company works to boost production on its best-selling a320. good morning. welcome. you are watching "the pulse." i am guy johnson. francine lacqua is off today. what do we have for you on the show today? it is all a board brand italy. monocle magazine's latest issue is all about the country. we are live with the editor-in-chief tyler brule. we're going to cover a lot of ground. italy, beautiful but problematic. what do we do with it? let's begin with our top story of the day, and explosive report by u.s. lawmakers on credit suisse. according to a senate committee, the bank helped american customers hide as much as $10 billion in assets from the irs. that is more than double the amount previously known. hans nichols has more on the findings. he joins us from berlin. >> the numbers are shocking. more so than the numbers, the details, the salacious aspects of this report. you had secret meetings in secret
. of course you're going to lose your insurance. that's the design. >> our tax dollars are going to be bailing out the insurance industries. humana announced they're going to get $450 million. >> we're in the wrong business, all of us. coming up next -- >> everybody has got an obama phone. keep obama as president, you know? he gave us a phone. >> how did he give you a phone. >> if you sign up, if you're on social security, you got low income, you disability. >> so this president and his handouts like obama phones, responsible for our nation's growing entitlement culture? that's coming up next. minimize . support heart health. and your immune system. now there's new glucerna advance with three benefits in one. [ male announcer ] new glucerna advance. from the brand doctors recommend most. inuses are acting up new glucerna advance. and i've got this runny nose. i better take something. truth is, sudafed pe pressure and pain won't treat all of your symptoms. really? alka seltzer plus severe sinus fights your tough sinus symptoms plus your runny nose. oh what a relief it is so i got the new nokia
proposed his pet project of an income tax cut. i mean, that's something that requires a lot of belief, a lot of credibility that new jersey can actually afford. he didn't even mention it. and that's something that really appeals to his base. >> you heard from a whole bunch of prominent democrats only after your defeat in that election for governor of new jersey, whether it was the vice president, debbie wasserman schultz, the chair of the dnc, all these democrats, they basically did -- and correct me if i'm wrong -- nothing to help you beat chris christie. do they owe you an apology? >> i think it was a miscalculation on their part. i think people were taken in again, by his cult of personality, but even if you didn't buy into the fact that i could win, which i believe i could have, the fact that there was -- these issues were out there. my campaign drew attention to the fact that this administration was bumbling distribution of sandy funds. we didn't have the money to go up on tv as much as we needed to communicate that message, but we had a very robust online presence and we brought
-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com lois ar >>> but you know that in every account, by helping them into a chair, listening to them, all of those are opportunities. christ is really living in them. and then we bring christ to them in ourselves, and it is the final moment, when you know they got into the hands of god you know they were there. it's incredible. >> well, we promise you an update on the legal battle pinning the united states government against the women you just saw, nuns, who have devoted their lives to helping the least of these, the little sisters of the poor launched a full appeal this week asking the tenth circuit court of appeals to protect their religious freedoms so they're not forced to provide contraception to their insurers. last night i spoke to the senior counsel for the nuns and asked h
billion in tax credit to finance the private coverage of obama care. i mean, that adds to the the deficit, does it not. >> 60 billion by the way is shy of what we spend on food stamps for the entire year. the reason people missed it, it was not in the allooccasion for hhs. which is where most of obama care is rolling out for. it was in the allocation of the treasury department that oversees the irs. they will be administer ared by the irs under the treasury department umbrella. and people can say, and there is reason for it, that tax credits are not the same as spending, but the bottom line is, it adds to the deficit. 60 billion in tax credits and mostly small companies who can't afford to pay for the insurance is going to add to the deficit. extra spending by definition adds to the deficit. by the way, to be fair here cbo is saying it will be a billion. but excuse me, 18. >> 8 billion. >> and well, the point is, they are claiming to get the money back eventually once obama care begins to pay off. the money that we spend on tarp spending, most of that money was paid back and there are pre
-american, the koch brothers? good lord. these guys pay so much in taxes, they pay your salary 1,000 times over. >> does harry reid have any credibility left after attacking mitt romney on not paying his taxes. what happened to that? they put it out there and then skulk and run away. we have to go. we gotta go. i'll give you a list during the break. coming up next, more drama on capitol hill today. the senate voted on whether or not -- bob -- to confirm president obama's controversial nominee for the justice department. a man who once defended a cop killer, vice president biden went to help out with the vote. we'll tell you the results up next. when it's donut friday at the office i use my citi thankyou card to get two times the points at the coffee shop. which will help me get to miami...and they'll be stuck at the cube farm. the citi thankyou preferred card. now earn two times the points on dining out with no annual fee. go to citi.com/thankyoucards. [ alarm sound for malfunctioning printer ] [ le announcer ] you've reached the age where you've learned a thing or two. [ metal cnks ] ♪ this
the hour. it is nearly tax season, oh, joy. are you in a surprise because of obamacare? find out about that next. martha: plus, a school mix-up that has parents fuming. we're going to tell you about the grandpa -- he brought home the wrong kid. it happens, right? >> demanded that immediate disciplinary action is taken against the administration. this unbelievable and terrifying incident that our family has been put through has placed spotlights on our school's lack of security especially during parent pick-up and -- [inaudible] martha: oh, boy, some connecticut parents are fuming over what's being called a case of mistaken identity after a 5-year-old son was picked up by a confused elder orally man -- elderly man. he was there to pick up his great grandson who is an entirely different child. the man only realized the mix-up when he got home. don't know why little boy didn't say, hey, i'm not supposed to go with you. the boy's mom is outraged. >> he informed me that our son was taken mistakenly home by another child's grandfather. he reassured me that he knows the man and that our son i
taxes and has not paid them in ten years and he said in addition to that mitt romney has probably committed other felonies. as it turns out mitt romney paid millions of dollars in taxes and harry reid pretended he had not smeared him. yet he had done just that. there are a number of right-minded americans who are wondering mr. reid, what are you talking about? and you do sincerely owe an apology to these people you smeared unjustly. >> 11 minutes after the top of the hour. >> you might not recognize his face yet but our next guest says he could be the next bin laden. >> millions of dollars in campaign donations coming from planned parenthood, so who is it specifically going to go to and why? we're going to explain that as "fox & friends" rolls on live from new york city, where it's 9 degrees right now, folks. ♪ ♪ go long, look lean, in this season's most important fashion trend, the long shirt. designed to flatter, with playful hemlines and length for everybody. the new long shirt. visit the shirt boutique, only at chico's and chicos.com. help keep teeth clean and breath fresh
they were worried that healthcare reform wouldn't work. the details straight ahead. >> and then it's tax time. we have got the top secrets to help you avoid an audit including how to make surety irs does are consider your small business a hobby. >> a hobby? >> a hobby. ♪ [ alarm sound for malfunctioning printer ] [ le announcer ] you've reached the age where you've learned a thing or two. [ metal cnks ] ♪ this is the age of knowing what you're made of. so why let erectile dysfunction get in your way? [ gears whirri ] talko your doctor abt viagra. 20 million men already have. ask your doctor if your hea is healthy enough for sex. dnot take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effectinclude headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medil help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience sudden decrease or loss in vision or hearing. [ cellphone beeps ] this is the age of taking action. viagra. talk to you
heard about the tax agencies efforts to regulate political speech. but both of these escaped the mainstream media. we have a reporter here ellen ratner and you make no bones about it. you are a card carrying liberal and what do you think about the pocket of the irs coming after liberal groups? >> i am this happening in the '80s when i got unusual questions from the irs on my tax return and my accountant refused to answer them. this has been going on and the issue is what is going to make it stop targeting the right or the left skwhie and why isn't the press covering this. >> the aclu and the syria club are upset about the regulations but you are not hearing much in the media, why snnot? >> it is a hard story to cover. this is a regulation story with the irs putting out the regulations and we have close to 70,000 comments from people including statements and views from the syria club, aclu and liberal groups that didn't pay attention when the conservatives were being targetargeted. i think an irs story that doesn't move forward or has a big headline and hard for the broadcast
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com to nbcuniversal's coveragens of the biggest loser olympic winter games ever, with the most coverage of the most events on every device. and the most hours of streaming video on the nbc sports live extra app, including the x1 platform from xfinity. comcast was honored to bring every minute of every medal of nbcuniversal's coverage to every screen. so what's next? rio 2016. welcome to what's next. comcast nbcuniversal. purina dog chow light & healthy is a deliciously tender and crunchy kibble blend. with 20% fewer calories than purina dog chow. isn't it time you discovered the lighter side of dog chow. purina dog chow light & healthy. to manage your money.r guy around 2 percent that's not much, you think except it's 2 percent every year. go to e*tra
. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for est pain; it may cause an unsafe drop in blood pressure. side effects include adache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lastg more than four hours. stop taking vira and call youroctor right away if you experience a sudden decase or los in vision or hearing. this is the age of taking action. viagra. talk to your doctor. lois ar >>> but you know that in every account, by helping them into a chair, listening to them, all of those are opportunities. christ is really living in them. and then we
-election again. >> i understand. that he cast a shadow. i want to ask you scott about the restaurant tax. i'm sure this is going to get around in campaigns. do you expect more or less from this? >> i think you'll see more businesses do this. this is a case in florida a business has to roll out coverage to about 500 employees on staff. >> gators dockside. >> i've got a picture of it. the chicken sandwich $8.99. chili cheese doing $6.99. there's a buck and a half sales tax. 20 cents aca surcharge. is it more or less? >> they interviewed this guy. didn't seem like he was trying to make a political statement. seemed like a business man trying to find a way to bake costs into the total bill. you'll probably see more businesses to do this. some to make a political statement, some just business. >> terry jeffrey, when are the ads going to run on this? we're going to get to scott on this story. irs is getting ready to punish everybody who hasn't signed up. i don't think that's going to last. i think obama will extend the march 31st deadline. i think he's going to renew the cancelled policies. numbe
upstream issues the complexity of the tax code. .. >> one of the unintended consequens of the irs having to shift people from one function to answer telephone calls, one of the areas in which they do this is especially trouble aring because it's -- troubling because it's, they take people who were working identity theft cases who are working to help identity theft victims and literally having these individuals stop in midstream and move to telephone answering how do you complete a return and what have you, and which causes immense delays in helping victims of identity theft which as members of this committee know is a massively growing problem and especially if you're the subject, if you're the victim involved is very frustrating. and so it's just a point, again, of -- it's a zero sum game. they need resources to do it all. this aca -- most americans have no idea of the massive role that the irs is going to play in the implementation of the affordable care act. and the irs, once again, will have to make some tough choices as to what to focus upon. >> thank you. i don't have any further q
. committee that has spent your tax dollars and resources investigating the irs and its oversight for politically active nonprofit. committee chair isa is again led the attack as republicans try to find any proof that officials at the agency were directed to conduct audits of conservative groups that spent money in the last two elections. the republican conspiracy theory is that the audits were politically motivated, and they insinuate that they may have been directed by the white house. despite the incurable fever for this story on the right and in conservative media, issa's committee has yet to turn up any actual evidence. so today, once again, the oversight committee called former top irs official lois lerner to testify. and issa asked a series of ten questions to which lerner, as highway is did more than nine months ago, pleaded the fifth each time. they gavelled the hearing to a close less than 12 minutes after it began and without allowing a single democratic member to ask a question. the democrats' ranking member elijah cummings, was not having it. for 90 second after issa
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